The puzzle of U.S. stablecoin regulation is coming together faster than ever. The FDIC has rolled out detailed implementation rules under the GENIUS Act, with six key guidelines defining the boundaries for bank-issued stablecoins: 1:1 reserve backing, no mixing of pools across different brands ⏱️ Redemption no later than T+2 ❌ No interest payments to token holders Monthly reports + auditor checks + executive sign-off triple binding Traditional banks are stepping into the spotlight, while crypto-native models face mounting pressure. Full analysis